---
schema_version: "secwatch.filing_event.v1"
accession: "0001840780-24-000026"
form_type: "8-K"
ticker: "LOCL"
cik: "0001840780"
company_name: "Local Bounti Corporation/DE"
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:36:12.451970+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Local Bounti Q3 sales up 50% to $10.2M; net loss $34.3M; targets positive EBITDA by Q2 2025

## Summary
- Sales $10.2M (+50% YoY); adjusted gross margin ~32%, up 300bps sequentially.
- Net loss $34.3M vs $24.3M prior year; adjusted EBITDA loss improved to $8.4M from $9.0M.
- Q4 2024 revenue guidance ~$11M (67% YoY growth); positive adjusted EBITDA target pushed to Q2 2025.
- Cash $6.8M at quarter end; received additional $6M from lender post-quarter for working capital.
- Reconfigured growing mix due to demand for specialty products (Arugula, Spinach); shipped from only half of Texas facility.

## SEC filing metadata
- accession: 0001840780-24-000026
- form_type: 8-K
- ticker: LOCL
- cik: 0001840780
- company_name: Local Bounti Corporation/DE
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840780/000184078024000026/0001840780-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840780/000184078024000026/locl-20241114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840780-24-000026
- JSON: https://secwatch.observer/filing/0001840780-24-000026.json
- Plain text: https://secwatch.observer/filing/0001840780-24-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.